Imperial system

Updated: Aug 20, 2021

The system of measurement used by the United Kingdom and certain other countries at one time colonized by the U.K., including the U.S.A. The imperial system is the product of many influences. including Roman and Anglo-Saxon. It is being phased out and will eventually be almost completely replaced by derivatives of the internationally acceptable metric system. At present the U.K. currency has been replaced by decimal currency and a metrication board supervises the necessary changes in other measurements.

Reference: The Penguin Business Dictionary , 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.